Sensex, Nifty close lower after US-China trade talks draw a blank

Benchmark indices closed lower in volatile trade today amid rising
trade tensions between the US and China as talks between the two
countries ended without any significant outcome.

While the Sensex closed 84 points lower at 38,251 level, Nifty fell
25 points to close at 11,557 level. The Sensex had hit a high of
38,428, rising 92 points in opening session and gained 673.20 points in
the past four sessions.

Brokers said besides profit-booking at record levels, a mixed trend
at other Asian markets following a negative leads from Wall Street
dented the trading sentiment here.

Investors were also cautious ahead of Federal Reserve Chairman Jerome
Powell speech at the annual global central bank conference in Jackson
Hole later in the day.